Common use of Sale Commitments Clause in Contracts

Sale Commitments. From time to time during the term of this Agreement and in order to maximize the sales price of corn oil, RPMG may enter sales contracts or other agreements with End Customers for future delivery of corn oil. In the event Producer fails to produce corn oil in accordance with the information provided to RPMG under Sections 3(a), (b), or (c) above for reasons other than Force Majeure (as defined in Section 10 herein), and as a result RPMG is required to purchase corn oil from third parties to meet previous corn oil sale commitments that are based upon such information, RPMG may charge Producer the amount (if any) that the price of such replacement corn oil exceeded the price that RPMG would have paid to Producer for the applicable corn oil under this Agreement.

Appears in 5 contracts

Samples: Corn Oil Marketing Agreement (Highwater Ethanol LLC), Corn Oil Marketing Agreement (Red Trail Energy, LLC), Corn Oil Marketing Agreement (Granite Falls Energy, LLC)

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Sale Commitments. From time to time during the term of this Agreement and in (e) order to maximize the sales price of corn oil, RPMG may enter sales contracts or other agreements with End Customers for future delivery of corn oil. In the event Producer fails to produce corn oil in accordance with the information provided to RPMG under Sections 3(a), ) or (b), or (c) above for reasons other than Force Majeure (as defined in Section 10 herein), and as a result RPMG is required to purchase corn oil from third parties to meet previous corn oil sale commitments that are based upon such information, RPMG may charge Producer the amount (if any) that the price of such replacement corn oil exceeded the price that RPMG would have paid to Producer for the applicable corn oil under this Agreement.

Appears in 2 contracts

Samples: Corn Oil Marketing Agreement (Heron Lake BioEnergy, LLC), Corn Oil Marketing Agreement (Heron Lake BioEnergy, LLC)

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